Global EditionASIA 中文双语Français
Home / Business / Companies

China approves restructuring of leading nuclear power companies

Xinhua | Updated: 2018-01-31 17:00

BEIJING - The State Council has approved the restructuring of two leading Chinese nuclear power companies, China National Nuclear Corporation (CNNC) and China Nuclear Engineering and Construction Group Corporation Limited (CNECC), according to an official announcement Wednesday.

The CNECC will be taken over by the CNNC, according to the announcement by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).

The move will reduce major State-owned enterprises under direct supervision of the SASAC to 97.

The CNNC is a major nuclear power player in terms of investment, operation, and development in the nuclear sector in China.

Strategic restructuring of China's State-owned enterprises in equipment making, coal, power, communication, and chemical engineering sectors will accelerate this year, according to experts.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349